New Duplex with Two-Car
135 Terrace Drive Colorado Springs, CO 80906
135 Terrace Drive, Colorado Springs, CO, 80906
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For Sale
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Newly built duplex offers flexible layouts with finished basements and private outdoor space for two households.
Property Size5,188 SF
Price / SF$269.83
Days on Market57
Property Features for 135 Terrace Drive
General Information
- Standard status
- Active
- Size
- 5,188 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agency
Live Dream Colorado LLC
(719) 272-1765
Listed by
Lauren Collier · License #CO 100035892
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Live Dream Colorado LLC
Investment Insights
Based on property information with market context.
This newly built duplex features modern design with thoughtful layouts, including 9-foot ceilings on the main and upper levels and fully finished, insulated two-car garages for each unit. Each side provides open-concept great rooms with luxury vinyl flooring, stylish kitchens with large islands, and cozy gas fireplaces. Both units include dining rooms that walk out to private back yards, supporting convenient indoor-outdoor living. The primary suites are designed as private retreats with walk-in closets and attached baths with double vanities. Basements are fully finished and include a bedroom, a full bathroom, and a rec room, with pre-plumbing for a wet bar.
The property is located at 135 Terrace Drive in the Creekwalk neighborhood of Colorado Springs, with easy walking distance to newer restaurants and shopping. It also provides quick access to I-25, Fort Carson, and downtown Colorado Springs.
Unit 135 includes double primary suites, a basement bedroom, and four bathrooms, creating room for multi-generational or shared-tenant setups. Unit 125 features four bedrooms, four bathrooms, and a convenient main-level office well-suited for remote work or flexible living. With no HOA, ownership offers added lifestyle flexibility for long-term occupants or investors.
The property is located at 135 Terrace Drive in the Creekwalk neighborhood of Colorado Springs, with easy walking distance to newer restaurants and shopping. It also provides quick access to I-25, Fort Carson, and downtown Colorado Springs.
Unit 135 includes double primary suites, a basement bedroom, and four bathrooms, creating room for multi-generational or shared-tenant setups. Unit 125 features four bedrooms, four bathrooms, and a convenient main-level office well-suited for remote work or flexible living. With no HOA, ownership offers added lifestyle flexibility for long-term occupants or investors.
Key Highlights
- Newly built 2024 duplex with each unit featuring 2,594 SF of finished living space, including a fully finished basement
- 9‑ft ceilings on the main and upper levels, with bright open‑concept great rooms, luxury vinyl flooring, and gas fireplaces
- Unit 135: double primary suites, basement bedroom, and 4 bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.7k | $19.80 |
| − Vacancy | −$4.6k | −$0.89 |
| EGI | $98.1k | $18.91 |
| − OpEx | −$29.4k | −$5.67 |
| NOI | $68.7k | $13.24 |
5,188 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$981.0K
$858.4K – $1.14M
NOI $68,670 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$909.1K
$795.5K – $1.06M
NOI $63,637 @ 7.0% cap · market cap 4.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Newly built duplex offers flexible layouts with finished basements and private outdoor space for two households.
Where is this duplex located?
The property is located at 135 Terrace Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Newly built 2024 duplex with each unit featuring 2,594 SF of finished living space, including a fully finished basement; 9‑ft ceilings on the main and upper levels, with bright open‑concept great rooms, luxury vinyl flooring, and gas fireplaces; Unit 135: double primary suites, basement bedroom, and 4 bathrooms
